PROJECT SEEK (EIN 720975987) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Lucinda Thornton

Phone

3186366172

Tax Period

2022-01-01 to 2022-12-31

PROJECT SEEK, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $237K in total revenue in fiscal year 2022. Revenue surged 107% from the prior year, signaling strong growth momentum. Expenses of $222K left a modest 6% surplus.

Mission

The program is to provides community resources and mental health awareness. The program seeks to build self respect, character, leadership, mental discipline, physical discipline and good academic behavior. the program continued to have Zoom Sessions as well as in-person meetings and workshops. Some the things that were covered included race, diversity, what can I do?, how money makes an impact. The program focused on mental health and food insecurities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $236,998

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $236,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,414

Fundraising Expenses $0

Program Expenses $221,606

Other Expenses $68,192

TOTAL EXPENSES $221,606

Year-over-Year Comparison

	2022	2021	Change
Revenue	$236,998	$114,674	+1.1%
Expenses	$221,606	N/A	N/A
Net Income	$15,392	$114,674	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Odessa White	Officer	10.00	Officer	$0	$0	$0
Lucinda Thornton	Officer	6.00	Officer	$0	$0	$0
Peggy Snow	Officer	4	Officer	$0	$0	$0
Valarie Jamison	officer	0	Officer	$0	$0	$0
Mark Cooper	officer	0	Officer	$0	$0	$0
Charles King	officcer	0	Officer	$0	$0	$0
Cedric Phelps	officer	0	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$236,998	$221,606	$47,381	$15,392

PROJECT SEEK